78757 ZIP Neighborhood
A Detailed Guide to Living and Amenities
Nestled in the heart of Austin, TX, the 78757 ZIP code area offers a compelling mix of historical charm and modern convenience. Home to neighborhoods like Allandale, this region retains a strong sense of community while being centrally located. Residents appreciate the area's blend of older Austin character and maintained communal spirit.
The real estate landscape in 78757 predominantly features homes built in the 1950s and 1960s, reflecting the mid-century architecture. With a median home value of $259,400, the area attracts families and young professionals alike. The central location and proximity to various amenities make it a sought-after destination for many.
Neighborhood rankings and school ratings further add to the appeal. Among thousands of places to live, 78757 is recognized for its quality of life and educational options. The ratio of residents to registered sex offenders is notably lower than the state average, contributing to the sense of safety in the area.
More about ZIP 78757
Geographic Overview
The 78757 ZIP code in Austin, Texas, is geographically situated to provide residents with convenient access to both urban and suburban amenities. This area boasts a strategic location within Travis County and benefits from the Central Time Zone.
Location and Boundaries
78757 is positioned at a latitude of approximately 30.35 and a longitude of -97.73.
This ZIP code area is neighbored by other ZIP codes like 78731 and fits within the broader Austin-Round Rock-Georgetown metropolitan area.
Key neighborhoods include Allendale, which is known for its mid-20th century homes.
The region's coordinates and central location make it an attractive area for various demographics, adding to its accessibility and desirability.
Demographic Profile
The 78757 zip code in Austin, Texas, a neighborhood primarily characterized by a white population, offers a distinct demographic composition with a notable presence of Hispanic communities and mixed-age households.
Population and Density
In 78757, the population density is moderately high due to its urban setting. The total population of this area stands at approximately XX,XXX people. Most residents live in single-family homes and apartments, creating a bustling community. The population is predominantly comprised of working adults, contributing to its dynamic and vibrant atmosphere.
Ethnic Diversity
The racial and ethnic composition of 78757 is primarily white, with significant Hispanic representation. Whites constitute a majority, followed by Hispanics. 77.1% of residents speak English at home, while 17.5% speak Spanish. Other minority groups, including Asians and those of mixed ethnicity, contribute to the neighborhood's diversity.
Age Distribution
The age demographics in 78757 reveal a large number of residents in their late 20s to early 40s. This results in a lively and diverse community with a slight bias towards younger adults. The median age in this area is relatively close to the national average, supporting a mix of young professionals, families, and middle-aged adults.
Economic Overview
78757 is a neighborhood with a robust economic profile. Key economic indicators here include higher median household incomes and a dynamic housing market that outpaces much of the nation. Employment levels also show positive trends, keeping unemployment relatively low.
Household Income Levels
The median household income in 78757 is $94,835. This places the neighborhood well above the national average, in the 86th percentile for income levels across the United States. Such a high median income indicates a prosperous community.
Income distribution is reflective of a well-educated population, with 61% of adults holding bachelor’s degrees or higher. This educational level is often associated with higher earning potential and economic stability, which is evident in this area.
Employment and Unemployment
Employment in 78757 is strong, with a significant portion of the working-age population gainfully employed. Industries prevalent in this area include technology, healthcare, and education, providing a diverse array of job opportunities.
Unemployment rates here are notably low compared to broader regional and national averages. This low rate signals a healthy job market and access to employment opportunities for its residents. The presence of major employers and a steady demand for skilled labor contribute to this favorable employment landscape.
Housing Market Trends
Real estate prices in 78757 are relatively high. The median home value in Brentwood, a key neighborhood within this ZIP code, is approximately $816,100. This figure places it among the most expensive areas in Texas and far above the national average.
Rental prices are also on the higher end, with the average monthly rent hovering around $1,963. The high demand for housing reflects both the desirability of the area and its economic vitality. Property values have shown consistent growth, making it a competitive market for buyers and renters alike.
Overall, 78757’s housing market trends indicate a thriving economic environment backed by significant property values and rental rates. This stability and growth make it an attractive location for both homeowners and investors.
Education
Education in the 78757 ZIP Code area of Austin, Texas, offers a variety of options, including public schools managed by Austin Independent School District, several private schools, and varying levels of educational attainment among residents. These educational avenues serve the diverse needs of this community.
Public School System
The public schools in 78757 fall under the Austin Independent School District. This area includes 8 schools: 4 elementary schools, 2 middle schools, 1 high school, and 1 alternative school. Notable schools include Brentwood Elementary, Lamar Middle School, and McCallum High School.
Some schools in the district perform well academically, while others face challenges meeting state and district averages. Community support plays a significant role in enhancing the educational experience.
Private Education Opportunities
In addition to public schools, 78757 offers a range of private education opportunities. Schools such as Valor Education provide comprehensive K-12 education. These private institutions often focus on specialized curriculums, smaller class sizes, and individualized attention.
Parents seeking alternatives to public education may find private schools appealing for their rigorous academics, extracurricular activities, and supportive learning environments. The area has a mix of secular and religious private schools, catering to different educational philosophies and cultural requirements.
Educational Attainment
The educational attainment of residents in 78757 indicates a community valuing higher education. A significant portion of the population holds a bachelor's degree, with 5,140 residents achieving this level. Additionally, around 963 individuals have some college education albeit less than a year completed.
High school diplomas are also prevalent, showcasing the baseline educational achievements in the area. This distribution highlights the community's educational orientation and the workforce's commitment to continued learning and professional development.
Community and Lifestyle
The 78757 neighborhood in Austin, Texas, offers a dynamic community and lifestyle enriched with local amenities and events that foster cultural diversity.
Local Amenities and Services
Residents of the 78757 zip code have access to a variety of local amenities that cater to everyday needs. The area boasts a mix of grocery stores, cafes, and restaurants that provide diverse culinary experiences. Renowned schools, public parks, and recreational facilities enhance the community's appeal for families and individuals alike.
Medical services are readily available with several clinics and hospitals within a short drive. Public transportation options are also convenient, featuring multiple bus routes and easy access to major highways.
Residents benefit from a strong sense of community, with various neighborhood groups and homeowners’ associations organizing events and providing support services. Furthermore, the area’s infrastructure supports a high quality of life with safe, walkable streets and well-maintained public spaces.
Cultural Diversity and Events
The 78757 area is distinguished by its cultural diversity and rich calendar of community events. Residents enjoy a vibrant mix of cultures, reflected in local festivals, art shows, and music events that celebrate a range of traditions and artistic expressions.
The neighborhood is home to the "Wall of Welcome," a mosaic that depicts the area’s history and community spirit. This public art piece stands as a gathering point for community events and celebrations.
Frequent community-organized events, such as farmers' markets and outdoor movie nights, offer opportunities for social interaction and cultural exchange. These events not only provide entertainment but also enhance the sense of belonging and community cohesion.
The diverse demographic makeup of 78757 ensures a welcoming environment for all cultures, contributing to a lively and inclusive atmosphere.
Real Estate Market Analysis
The real estate market in the 78757 zip code, located in Austin, Texas, presents notable trends and insights that are crucial for both buyers and investors. This section provides a detailed overview of recent market trends, crucial buyer and investor information, as well as regulations and predictions affecting the area.
Recent Market Trends
Homes in the 78757 zip code have experienced varied performance indicators. The average home value recently noted was around $674,000, having declined by 18.1% from the previous year. Additionally, properties here receive approximately two offers on average and take around 48.5 days to sell.
The median sale price per square foot in 78757 is $471, marking a decrease of 9.77% year-over-year. There were 53 new listings in the last month, with the median home price recently observed at $628,711. Real estate activity tends to fluctuate, with homes spending a median of 45 days on the market.
Buyer and Investor Information
Buyers and investors looking into 78757 should note the competitive nature of the market. Properties range widely in price, from as low as $229,000 to as high as $3.9 million. This variety provides options for different budget levels and investment strategies.
Given the current median household income in Austin, TX, potential buyers might find specific neighborhoods more or less affordable depending on their financial situation. Richcreek Rd, for instance, is a notable area with various listings available.
Investors should consider the downtrend in property values as a potential advantage for making cost-effective acquisitions with a prospect for future appreciation. The regulations and local market predictions can play a crucial role in formulating effective investment plans.
Regulations and Market Predictions
The real estate market in Austin, particularly in the 78757 zip code, is governed by specific regulations. ACTRIS allows unlocking MLS and IDX listings, offering comprehensive data to help consumers make informed decisions.
Market predictions for 78757 suggest stabilizing trends despite recent value drops. Analysts anticipate that as Austin continues to grow, underlying demand may drive future value increases. Complying with local zoning and property regulations remains essential for ensuring the success of any real estate transaction in this area.
Understanding the intricacies of the 78757 real estate market enables both buyers and investors to navigate it effectively, taking advantage of the opportunities presented by current market conditions.
Business and Economy
The 78757 area in Austin, Texas, boasts a vibrant business landscape and a strong job market. Local enterprises range from small businesses to larger industries, supporting both employment opportunities and economic growth.
Local Businesses and Industries
The 78757 ZIP code features a mixture of retail stores, restaurants, and professional services. Popular neighborhoods such as Allandale, Brentwood, and Crestview host a variety of local businesses.
Residents and visitors can find unique shops, cozy cafes, and diverse dining options. Notable industries in the area include tech startups, healthcare services, and real estate companies. The presence of these businesses contributes to the area's economic resilience and growth.
Job Market and Employment Opportunities
78757 has a strong job market with an unemployment rate of just 3.1%. The area is part of Austin's thriving economy, characterized by a high demand for skilled professionals.
Many residents work in sectors like technology, education, and healthcare. Around 61% of adults in 78757 hold bachelor's degrees or higher, supporting the sophisticated job market. The median household income in this ZIP code is $94,835, reinforcing the area's economic vibrancy.
Legal and Ethical Considerations
Navigating the legal and ethical landscape in the 78757 ZIP code area is crucial, especially in matters concerning real estate and neighborhood information.
Copyright and Intellectual Property
When dealing with content about prospective properties in the 78757 neighborhood, respecting copyright and intellectual property is important. Information used must be accurate and often requires permission from the original source. Using copyrighted material without authorization can lead to legal consequences.
For non-commercial use, it is imperative to give credit to authors and avoid plagiarism. Regularly setting up email alerts for updates on legal guidelines ensures ongoing compliance. Compensation for any misuse should be anticipated, highlighting the need for thorough vetting processes.
Maintaining the integrity of shared content aligns with legal standards and protects against intellectual property breaches. Missteps can tarnish reputations and lead to disputes, emphasizing the importance of adhering to these considerations in the 78757 area.
